Bungled new IPO rules result in red faces

Stocks | Ed Zhang

At some of the investors' conferences taking place in Beijing and Shanghai this month, one could notice the frustration and anger of young Chinese reporters over the state of the domestic stock market.

Participants in those conferences were primarily institutional investors from around the world. They were here not to deal with the domestic stock market, in which they had little interest, but in the China concept and in Chinese companies listed overseas.